Libra adjusts its 2004 profits lower

After reporting CYP 4.15 mln in net profits when the preliminary 2004 results were released, Libra Holidays Group (LHG) has adjusted its 2004 results to the tune of CYP 1.57 mln and

Alcatel, Microsoft to Develop TV Services

Alcatel SA, the French maker of telecommunications gear, and Microsoft Corp. Tuesday said they will jointly develop Internet-based TV services for telephone companies. n November, Microsoft announced it would provide TV technology

Laiki eBank offering direct access to the ASE

Laiki eBank (the electronic Bank of Laiki Group) and Laiki Investments are leading the way to the Athens Stock Exchange (ASE) through Laiki eTrading ( The existing and highly successful Laiki eTrading

Louis profits surge to CYP 9.4 mln

Louis Public Co. Ltd. (LUI) reported its preliminary results for 2004, beating its own estimate for a quadrupling of profits compared to 2003 on the back of a strong rebound in the

Hotels face tough CTO test

The Chairman of the Cyprus Tourism Organisation (CTO) told a House Finance Committee meeting discussing the CTO budget that the organisation intends to submit tough criteria on the classification of hotels as